F&C or Alliance Trust Global IT?

ColdIron

StellaN wrote: »

That's what I thought someone would say so thank you for confirming this. Sounds like I need to do a little pruning and just retain two from the five I hold!

Rather than using a blend of similar funds what about something that complements rather than overlaps the more generalist ones? For instance Murray International has a significant weighting towards Asia Pacific and Emerging Markets and even a measure of fixed income in the same. Just a suggestion

Glen_Clark

FT shows them both with the same Total Expense Ratio = 0.54%
But F&C with slightly more discount 6.13% instead of 5.88%
https://markets.ft.com/data/investment-trust/tearsheet/summary?s=ATST:LSE
https://markets.ft.com/data/investment-trust/tearsheet/summary?s=FRCL:LSE
There has been such an upheaval at Alliance Trust recently I doubt if past performance is much to go by - it should improve, but that is priced in as the discount has narrowed from its historical average.
I can't see anything much to choose between them. Neither are in bargain territory, but with equity prices at record highs what is?

StellaN

ColdIron wrote: »

Rather than using a blend of similar funds what about something that complements rather than overlaps the more generalist ones? For instance Murray International has a significant weighting towards Asia Pacific and Emerging Markets and even a measure of fixed income in the same. Just a suggestion

Thanks very much for the suggestion Coldiron, I will look into that and as usual any pointers are always really appreciated.

dividendhero

If you look at 10 year performance chart of FRCL vs ATST, you can't fit a sheet of paper between them - they're both up around 100%. FTSE is up around 20%, but has a better yield than either

I

Sue58

dividendhero wrote: »

If you look at 10 year performance chart of FRCL vs ATST, you can't fit a sheet of paper between them - they're both up around 100%. FTSE is up around 20%, but has a better yield than either

I

I've noted from other threads that you seem to hold numerous Global/UK IT's so do you feel that StellaN is wrong to hold a number of global IT's or as Linton pointed out she should concentrate on two at the most?

dividendhero

Sue58 wrote: »

I've noted from other threads that you seem to hold numerous Global/UK IT's so do you feel that StellaN is wrong to hold a number of global IT's or as Linton pointed out she should concentrate on two at the most?

I have around 20 global IT's - but my portfolio is fairly large, but even for a more common portfolio (say £50K) I'd still have around five, eg MYI, HINT, FRCL, SOI and BNKR.

with a global IT, overlapping portfolio is much less of an issue than with UK only funds

Sue58

dividendhero wrote: »

I have around 20 global IT's - but my portfolio is fairly large, but even for a more common portfolio (say £50K) I'd still have around five, eg MYI, HINT, FRCL, SOI and BNKR.

with a global IT, overlapping portfolio is much less of an issue than with UK only funds

That''s very interesting and a different opinion. Could I ask why you chose to select these 5 global IT's in preference to the other 15 you hold? I suppose it would be interesting if StellaN could give us some idea of the size of her portfolio?

StellaN

dividendhero wrote: »

I have around 20 global IT's - but my portfolio is fairly large, but even for a more common portfolio (say £50K) I'd still have around five, eg MYI, HINT, FRCL, SOI and BNKR.

with a global IT, overlapping portfolio is much less of an issue than with UK only funds

Thank you for your input. We (my husband and I) have a total combined investment portfolio of around £500K between us - approx £300K in our SIPPS and £200K in our S&S ISA's so do you think the 5 funds we currently have (with the overlap) is too much and we should prune this go for different global IT's that are more complimentary such as MYI, SOI, HINT etc rather than too many general mainstream global IT's?

Any pointers/views would be good.

dividendhero

StellaN wrote: »

Thank you for your input. We (my husband and I) have a total combined investment portfolio of around £500K between us - approx £300K in our SIPPS and £200K in our S&S ISA's so do you think the 5 funds we currently have (with the overlap) is too much and we should prune this go for different global IT's that are more complimentary such as MYI, SOI, HINT etc rather than too many general mainstream global IT's?

Any pointers/views would be good.

That's a pretty big portfolio - congrats! Personally I'd have more than five funds with that amount, probably around 10 . As an example MYI hit a rough patch a couple of years back, if it was 20% of my portfolio it'd make me sweat anyway

Chris75

Schroder Oriental Income (SOI) looks an odd fit amongst a group of generalist Global Funds.

4 of your funds have gearing of over 106% & one at 112% (Murray MYI). At current market valuations I would be wary of putting too much into these trusts in one go.

As the saying goes do your own research & find out exactly what you are investing in. I start with the annual reports.